Russia ready to cut oil output by 300,000 bpd in H1, as agreed with OPEC

Wednesday, 30 November 2016 (1 week ago)MOSCOW (Reuters) - Russia is ready to "gradually" cut its oil production by up to 300,000 barrels per day in the first half of 2017 as a part of its agreement with OPEC, Russian Energy Minister

Oil prices rose to three-week highs on Monday amid expectations that OPEC is moving close to a deal to cut output when it meets next week.
Brent crude went up to 47.94 a barrel, its highest since the start of the month, a five-percent rally no doubt also fuelled by comments from the Russian...

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By Katya Golubkova | MOSCOW MOSCOW Russia plans to use its November oil production, which was its highest in almost 30 years, as its baseline when it cuts output...Firstpost 1 week ago - IndiaAlso reported by •Reuters India